Examlex
Most people do not stop and think about the creative processes that went into developing the technological inventions in their life. Why is this?
Product Costs
The costs directly attributed to the production of a product, including materials, labor, and manufacturing overhead.
Period Costs
Expenses that are not directly attached to product production and are accounted for in the period they are incurred, such as sales and administrative expenses.
Fixed Manufacturing Cost
Costs that do not change with the level of production, such as rent, salaries, and equipment depreciation.
Manufacturing Overhead
All manufacturing costs incurred during the production process that cannot be directly attributed to specific units produced, such as utilities, maintenance, and factory supplies.
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